CryptoStrategies

27 dec 2017 07:33

Bitcoin: Reckoning Kort

Bitcoin / DollarBitfinex

Beskrivning

⋅ 27 dec 2017 07:33

Posted this idea on Twitter yesterday, you had all been warned. twitter.com/CryptoStratz/status/945673890688143360
This follows on from my previous trade where we predicted bottom of the first corrective wave. I've since adjusted that TA slightly to show the next moves down, which we clearly did not get in that first dump.
The church of Core will crumble.

Kommentera

⋅ 27 dec 2017 15:11

Kommentera

⋅ 28 dec 2017 01:58

Rising wedge support held. If it breaks up this idea is cancelled

Kommentera

⋅ 28 dec 2017 02:45

Confirmed

Trade stängt manuellt

⋅ 29 dec 2017 02:03

Took profit. Unsatisfied with how this is going.

Kommentera

⋅ 29 dec 2017 02:05

Trend broke on multiple exchange. We are now in a larger symmetrical triangle that will decide direction.

Handel aktiv

⋅ 30 dec 2017 01:59

Next leg down begins.

Trade stängt manuellt

⋅ 3 jan 2018 03:18

See latest trade idea. Swapped to bull a few nights ago.

Kommentarer

JCBCrypto

⋅ 27 dec 2017 12:34

that elliot wave is not valid.

CryptoStrategies

⋅ 27 dec 2017 12:43

@TheCryptoLabs, You can't just come here and make claims without explaining your reasoning. Your comment is invalid.

aoeuaoeu

⋅ 27 dec 2017 17:10

@CryptoStrategies, If you count the subwaves of wave 5, you only see 2 motive waves. There has to be 3 motive waves for it to be an impulse.

JCBCrypto

⋅ 27 dec 2017 17:10

@CryptoStrategies, ok.

There are three main rules that most standard Elliott Wave analysts adhere to today:
Elliott Wave (2) cannot retrace past the start of Elliott Wave (1)
Elliott Wave (3) cannot be the shortest wave in a completed 5 wave sequence
Elliott Wave (4) cannot retrace into Elliott Wave (1)

CryptoStrategies

⋅ 27 dec 2017 18:06

@TheCryptoLabs, Correct,I am familiar with these rules. The Impulse wave on my chart adheres to all of these.

villar.martin

⋅ 27 dec 2017 21:31

@CryptoStrategies, wave 4 overlaps wave 1 in your chart

CryptoStrategies

⋅ 27 dec 2017 23:05

@Villar.martin, There is a distance of $4,7000 USD separating wave 4 and wave 1.

oetcap

⋅ 28 dec 2017 07:38

@Villar.martin, you clearly need to re-examine the chart

tcblue

⋅ 28 dec 2017 01:17

@CryptoStrategies, As much as I wish you had been correct, I took the time to look up @TheCryptoLabs, and he's just about spot on on his analysis.

CryptoStrategies

⋅ 28 dec 2017 01:18

@tcblue, The Elliott wave on the chart complies with all the Elliott Wave rules he posted in this comment thread.

Mer